Who Is Liable? Forgeries, Remotely Created/Deposited Items, Fraudulent ACH, Unauthorized Electronic Withdrawals, & More

Determining liability is more than finger pointing. Being able to distinguish liability for numerous types of transactions is crucial to making an accountholder whole, detecting fraud, reducing your institution’s risk, etc. Attend this webinar and learn how your institution fits into the mix when liability is in question.

After This Webinar You’ll Be Able To:

  • Distinguish which party is liable in each type of account fraud situation
  • Determine when your institution must reimburse the accountholder
  • Explain what your institution can and can’t require of accountholders when investigating fraud
  • Understand your institution’s liability for forgeries
  • Distinguish between the liabilities of the ODFI and the RDFI for ACH fraud
  • Explain what constitutes an unauthorized electronic withdrawal

Webinar Details

Account fraud has caused staggering losses to financial institutions and losses continue to rise. Your institution’s liability for forged checks, ACH fraud, remotely created and deposited items, and unauthorized electronic items varies depending on the type of fraud, how it occurred, and whether it was a consumer or commercial account. The multitude of applicable laws is mindboggling! This webinar will explain which law applies in each type of account fraud situation, explain your institution’s liability, and what can be done to reduce risk.

Who Should Attend?
This informative session will benefit deposit operations personnel and managers, tellers, compliance staff, new accounts personnel, security officers, fraud investigators, attorneys, and auditors.

Take-Away Toolkit

  • Chart listing the law in each type of account fraud situation and which party is liable
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.


Elizabeth Fast, JD, CPA – Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Fast is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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Dec 01 2022


2:00 pm - 3:30 pm



More Info